Name __________________________ Score _________________

Section ________________________ Parent’s signature ____________

Answer this to be checked on Tuesday, September 21,

2021

Statement of Financial Position Preparation: Gethsemani Trading

Company.Below are the accounts of Gethsemani Trading Company
for the year ended December 31, 2019.

Accounts payable 100,000.00

Accounts receivable 140,000.00
Capital 1,840,000.00
Cash 1,000,000.00
Inventories 450,000.00
Long-term debt 300,000.00
Notes Payable 100,000.00
Notes Receivable 100,000.00
Property and Equipment 550,000.00
Supplies and other prepayments 100,000.00

Instructions: Prepare a statement of financial position in report and

account forms and label its parts. After which, answer the following
questions:

1. How much is the total current assets of the entity?

2. How much is the total non-current assets of the entity?
3. How much is the total current liabilities of the entity?
4. How much is the total non-current liabilities of the entity?
5. How much is the total assets of the entity?